The weekly sentinel. [volume] (Winston-Salem, N.C.) 1886-1887, 1887-06-23
RoANoKE AND soUrHERN r. R.
The Stockholders have a Meeting
Officers Elected and Important
Business Transacted.

On last Saturday, June 18th, the
stockholders and directors of the Roa-
noke & Southern RAILROAD companies
of Virginia and North Carolina held
joint meeting at the Opera House in
Roanoke, Va. At 1920 o'clock Col
D. f. Houston was elected chairman
and S. w. Jamison, secretary, and
business commenced. A committee
of three was appointed to ascertain
that majority of the stock of the
Virginia corpor alton was represented.
It reported 500 of the 43O shares rep
resented, either by owners or by proxy.
Mr.. G. B. Bryant then introduced
resolution to the effect that by vir-
tue of authority vested in the Roanoke
and Southern Railroad Co., of Vir-
ginia, and the Roanoke and Southern
Railroad Co, of North Carolina, the
two companies enter into contract of
union to the effect that all charters,
franchises and subscriptions of each
become the property of both, and that
the consolidated company be invested
with all powers and privileges of the
Virginia and North Carolina compan-
les, and that all be subjected to the
original conditions under which such
powers and privileges were granted !;
that the line of the road be from Roa-
noke City, Va, to Winston-Salem, N.
c., on the condition that Winston
township or Forsyth county subscribe
S75, 900 to the capital stock of the
company in six per cent. b onds, and
that the road pass through the town
of Martinsville, Va, provided it sub
scribes $4,000 to the capital stock ;
that the stock is to have par value
Of 800 per share and that the amount
issued is not to exceed the sum allow
ed by law; that the officers are to be
a President, three Vice-Presidents and
fifteen directors, (six from Virginia,
six from North Carolina, and the re-
naming three from either State or
neither }; the Office of chief engineer
to be in Roanoke City, Va, and the
road to be of the standard gauge, four
feet, nine inches. It was further pro
yided in the resolution that the an
nual meeting of directors should be at
Roanoke. After some discussion
touching the location of the offices of
General Manager, Auditor and Trea-
surer, the resolution was unanimously
adopted Mr.. Geo. w. Hinshaw, Of
/ Winston, was elected chairman of the
consolidated stockholders meeting and
Mr.. S. w: Jamison, of Roanoke, Sec
rotary. The chairman appointed a
committee of three to ascertain the
number of shares represented. This
was found to be $50 out Of 604 sub
scribed.
The contract of union was then en-
tered into and signed by the Presi
dents and Directors of the two com
panies, and a code of bylaws wa;
adopted providing for the election O.
officers.
At the suggestion of Mr.. c. B
Watson it was decided to elect thu
President and Board of Directors fol
term of three years, so that NJ
change of management might occur
while the road was in process of con
struction, and the third Tuesday il
June was selected for the annual meet
ing in Roanoke, Va.
| The following was the Board of Di
rectors elected: j. A. Coan, P. 2
Watson, J. D. Spencer, H. S. Trout
J. NJ Gambill and E. III. Stuart, o
Virginia; F. J. Stone, Geo. w. Hin
shaw, G. III. Fogle, R. j. Reynolds, J
A. Gray and c. B. Watson, of Nortl
Carolina.
The newly elected Board retired an,
elected the officers as follows: Presi
dent, Col D. f Houston, of Va; Is
Vice President, F. III. Fries, of Salem
N. c.; End Vice President, E. F. Flu
Ter, Of New York Third Vice Pres
dent, Col. G. III. Lester, of Martins
vile, Va.
Mr.. G.. B. Watson presented propo
sition of S. r. Bullock & Co., of Ne,
York, a construction company, pre-
posing that, if the Roanoke and South
ern Railroad company would give ther
an option of six months, they would
after due surveys and investigation
the route being feasible, construct tn
road to Winston, provided the sub
scriptions and assets of the r. & S. Z
r. be transferred to them-work t
. begin simultaneously at Roanoke an
Winston-Salem, the road to cross th
C. F. & Y. V. railroad in Forsyt
county, and to be completed With
two years from the date of the con
, tract. The new Railroad Company wa
further required to issue six per cen
bonds, to be delivered to the Farmer
Trust and Loan Company of Ne
York, every month, on certifcat
! from the chief engineer that a certai
proportion of the work was don
The r,ronosition. WAS accented with ii